W. P. Carey Inc. priced a €500 million offering of 1.350% senior notes due April 15, 2028, at 99.266% of the principal amount.
The notes, being issued by WPC Eurobond BV, will have annual interest payments every April 15, starting in 2020.
The diversified net-lease real estate investment trust plans to use net proceeds for debt repayment and future acquisitions, among other general corporate purposes.
Merrill Lynch International, J.P. Morgan Securities PLC and Barclays Bank PLC were the joint book-running managers for the offering, scheduled to settle Sept. 19.
